UK Election: What Would a Landslide Labour Win Mean for the Economy?

If the polls are right, the Labour Party is set to win Thursday's election. Can Keir Starmer’s party deliver the sort of step change in economic growth that it needs to fund many of its spending promises? Dan Hanson of Bloomberg Economics assesses the challenges faced by the likely Labour government.
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[slgqzvr]

No chance if you can’t keep the cities safe . Most riches are moving money out of the country

[leeh]

HSBC almost doubled its annual profits last year to $31.4 billion (£26.9 billion) and was the top dividend-payer among UK banks, distributing £8.4 billion to investors.

Lloyds Banking Group reported significant profits - their annual profits were bolstered by the Bank of England’s rate hikes which crippled many home owners.

Barclays, NatWest, and Standard Chartered - along with HSBC and Lloyds, collectively posted pre-tax profits of around £37.4 billion, surpassing pre-financial crisis highs.

The banks conveniently forgot to also increase the rates on savings accounts. How apt!

Shell achieved record profits, driven by high energy prices and increased demand for fossil fuels in the aftermath of the pandemic and amid geopolitical tensions.

Similar to Shell, BP’s profits surged due to elevated oil and gas prices.

Most struggled to pay their heating bill during winter.

There is one majority who have become obviously poorer and a minority who have become evidently richer.

I am no economist, but I know where I’d like this new government to start trying to recover money to boost the economy first!

[aaropajari]

While it may be high time for a Labour government, Labour has NEVER delivered on the economy long term.

[wjumeau]

We all know the answer to that question.
No one is investing in a country that holds political prisoners.

[roncatton]

Labour couldn't deliver a takeaway meal..🤪

[mamtapradhan]

My experience of labour ideology in any country regarding financial growth is not positive.Hope this lobour govt able to deliver better

[AH-fmrj]

Growth in what? Domestic production or consumption of cheap, super subsidized Chinese junks?

[orthohawk]

I just hope that all the ladies and alphabet people remember that THEY did this when things go south for them in Londonistan. Only reason to regret Brexit is no more available asylum in Hungary, Poland, or Slovakia.

[AlexHernandez-xb]

Bitcoin seems to have its pros and cons.

[tahu]

No... Starmers handler is the same as the tories... Nothing will change

But I do expect UK to get involved in another illegal war in the next 1-2 years... National service will also be brought in.... And higher taxes... Nothing left to sell off
.. And more 'regulations' that is a stealth tax

[Themtigers]

Price is going up on everything lol enjoy lol !!!

[philipwilliams]

NOW The ' Fun ' Starts!
- always the way; Middle England Plays SAFE 👎

Phil. Liverpool UK 🇬🇧

[LordLordAnubis]

DUET Acquisition Corp DUETU : US
DUET Acquisition Equity Warrants Exp 19 Jul 2028 DUETW : US
DUET Acquisition Corp DUET : US

[zackschooley]

The UK, like America is sick of conservatives

[streeky]

Can cardboard cut out Labour deliver on the economy? In short "No"

[NoMoreMeansWeHaveHadEnough]

A beckon of stability? You just voted out the only stability you had

[gregjones]

Anyone claiming to be an expert on anything that uses that much rising intonation in his speech has zero credibility in my opinion.

[Millennial]

Labour would blame Tories for thier failure seems politicians do is blame rather than solve